Iowa Restaurant Association
- Assets
- $289.8k
- Revenue
- $784.5k
- Investments
- $0.0
- Employees
- 5
- Location
- West Des Moines, IA
- Founding
- 09/1947
- Data as of
- 12/2022
- EIN
- 42-0637480
Organization Overview
Iowa Restaurant Association is located in West Des Moines, IA. The organization was established in 1947. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Iowa Restaurant Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iowa Restaurant Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Iowa Restaurant Association generated $784.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $832.4k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ASSOCIATION TO EDUCATE AND SUPPORT MEMBERS IN THE SERVICE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATE AND SUPPORT BUSINESSES IN THE RESTAURANT INDUSTRY.
EDUCATE AND SUPPORT BUSINESSES IN THE RESTAURANT INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Dunker Executive Di | OfficerTrustee | 40 | $144,231 |
Russell Vannorsdel Director | OfficerTrustee | $0 | |
May Schaben Vice Preside | Officer | $0 | |
Scott Carlson Director | Trustee | $0 | |
Kyle Dehmlow Director | Trustee | $0 | |
Steve Casteel Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $156,707 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,707 |
| Total Program Service Revenue | $623,703 |
| Investment income | $2,698 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,372 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $784,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,231 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,623 |
| Pension plan accruals and contributions | $8,982 |
| Other employee benefits | $8,485 |
| Payroll taxes | $29,185 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,122 |
| Fees for services: Lobbying | $32,917 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,507 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $47,967 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,304 |
| Travel | $30,526 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,649 |
| Insurance | $7,544 |
| All other expenses | $38,960 |
| Total functional expenses | $832,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,933 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,602 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $53,103 |
| Investments—publicly traded securities | $131,165 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $289,803 |
| Accounts payable and accrued expenses | $13,131 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,631 |
| Net assets without donor restrictions | $274,172 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $289,803 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Iowa Restaurant Association has recieved totaling $45,332.
| Awarding Organization | Amount |
|---|---|
The National Restaurant Association Educational Foundation Washington, DC PURPOSE: ProStart Program | $39,682 |
Iowa Pork Producers Association Clive, IA PURPOSE: PROGRAM SUPORT | $5,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Providers Network Inc Lincoln, NE | $216,671 | $1,920,685 |
Good Acre Saint Paul, MN | $2,161,801 | $2,336,173 |
The Food Shippers Of America Inc Geneva, IL | $1,637,121 | $1,840,645 |
Boone County Fair Association Belvidere, IL | $3,013,747 | $1,687,537 |
Kinship Mke Inc Milwaukee, WI | $4,987,753 | $2,706,784 |
St Vincent De Paul Thrift Store Inc Marshfield, WI | $3,892,280 | $1,717,707 |
Farm Stew International Princeton, IL | $756,525 | $1,608,819 |
Angelic Organics Learning Center Inc Caledonia, IL | $2,139,499 | $1,069,053 |
Rural Enterprise For Acceptable Living Inc Marshall, MN | $669,406 | $895,554 |
Iowa Restaurant Association West Des Moines, IA | $289,803 | $784,480 |
Health Research Institute Fairfield, IA | $294,811 | $596,439 |
Cornucopia Institute Incorporated Viroqua, WI | $1,310,459 | $989,761 |